JACKSONVILLE, Fla. -- Any plans regarding the future of a historic building in downtown Jacksonville are now on hold.

On Tuesday, the city's land use and zoning standing committee was set to consider two bills regarding the iconic Bostwick Building at the corner of Ocean & Bay streets.

But the city is granting a request from the owners to delay the matter until at least later this month, when the committee meets again.

No reason has been given for the delay, but a number of pending issues are playing a role in the process.

The city says an offer from Preston Haskell, the owner of a Jacksonville-based design and construction company, is now on the table to buy the property.

The owners, meanwhile, are racking up expensive fines the longer the building stands in its current rundown condition.

It's in such bad shape, it's facing several code enforcement violations, which the city began issuing daily fines for in March.

To date, the owners owe roughly $30,000 for violations, which is one reason the owners want to tear the building down.

They claim that's not their first option, but argue they can't afford to pay for the fines and the repairs.

"We are between a rock and a hard spot. We don't want to tear the building down, but city just put us in position where have to apply for demolition permit because fining us 100 dollars a day," owner Val Bostwick told First Coast News previously.

Adding to the issue is a move from historic preservation supporters to prevent any demolition. They have filed a bill with the city to designate the building as a historic landmark, which would keep it from being torn down.

That bill was also set to go before the land use and zoning standing committee Tuesday, but has been delayed as well.